2026-02-21 | Layer 0 Log — REIT & Rate Sensitivity
Layer: 0
Type: Finance / market structure log
2026-02-21 | Layer 0 Log — REIT & Rate Sensitivity
Focus: Interest rate impact
Asset type: Income structure
Scenario A: Rate cut
→ Yield spread widens
→ Refinancing cost ↓
→ Valuation support
Scenario B: Higher for longer
→ Debt cost ↑
→ DPU pressure
→ Market selective
Core variable: Policy rate
Secondary variable: Asset quality
Hidden risk: Debt maturity schedule
Income steady ≠ Risk free
Rate cycle defines tone.
Observation ongoing.
No narrative expansion.
DGCP™ | MMFARM-POL-2025